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Bushfire Will Reduce Australia’s GDP by 0.3%
Abstract：The Reserve Bank of Australia is likely to mention the negative effects of the wildfire on economic outlook in the February policy statement. The main short term impact of wildfire will be on farm production and private investment.
The latest data shows that Australias recruitment advertisements in December saw the largest monthly decline in seven months, due to the severe bushfires in the two most populous states. Data released by ANZ on Tuesday showed that overall recruitment ads in December fell 6.7% month-on-month, while November saw a decline of 1.8%. An average of 142,569 recruitment posts are published each day in December, a decrease of 18.8% over the same period last year, and the lowest since April, 2016.
The Reserve Bank of Australia is likely to mention the negative effects of the wildfire on economic outlook in the February policy statement. The main short term impact of wildfire will be on farm production and private investment. It will also affect the tourism industry in the first half of 2020, but this loss is expected to be offset by the growth in residential buildings.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Keep Silence to FX Scams? NO! EXPOSE Them on WikiFX!
Keep Silence to FX Scams? NO! EXPOSE Them on WikiFX!
Watch out! PlatformsFx Robbed Me of US$76,878
A few months ago, a person from the trading solution provider company “PlatformsFx” contacted the victim for forex trading. According to the victim, the scammer and his so-called well-known gold trading platform took US$76,878 from her and put it into a presumably real forex account.
How to choose the best leverage level
Archimendes said: “Give me a fulcrum, I can lift the whole earth”. This is the earliest appearance of the concept of leverage. The word leverage dates from 1724 and was originally used to describe the action of a lever. By 1824, by which time the Industrial Revolution was fully underway, the scope of the word had expanded to include the power of a lever and therefore the obtaining of a mechanical advantage. It is simple to say that if you want to invest $10,000 in the forex market, you can to it by leverage with small investment. Leverage is a financial tool, which can magnify the result of your investment, including gain or loss at a fixed ratio.
Oil Prices Hit Fresh High on Uncertain Outlook
WikiFX News (6 Aug) - WTI crude oil embraced a steep rise in prices, up 4.5% to the high level of $43.68, compared to its low level of $41.76. It has recorded a fresh five-month high since March 6. Nevertheless, the outlook of oil remains uncertain because of the insufficient upward momentum in future oil prices resulted from the sluggish job growth in the United States.
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